LTIMindtree and Boardwalktech Software Corp. (Boardwalktech) have executed a Teaming Agreement to partner on the implementation of Boardwalktech's Velocity software solution that is changing the way end-user computing applications are migrated at scale to compliant IT-controlled and managed applications. Boardwalktech's Velocity solution synergizes LTIMindtree's profound expertise in core modernization, migration tools, and accelerators, with Boardwalktech's unparalleled Digital Ledger-based low-code application platform.

This collaboration empowers the seamless migration of Excel-based end-user computing applications (EUCs) to IT controlled and managed business applications, setting new industry standards.  The offering harnesses the formidable capabilities of Boardwalk Velocity, with its unwavering commitment to compliance, meticulous data management, and relentless pursuit of business process enhancement. Velocity's cutting-edge solution empowers banks and insurance clients to effortlessly achieve their regulatory and compliance objectives, while promoting better data reliability via the digital ledger's single version-of-the-truth. By leveraging Velocity's transformative capabilities, clients experience the seamless conversion of these End-User Computing applications on a grand scale, realizing a substantial edge in terms of both time and cost to deliver when compared to alternative technologies.

LTIMindtree's comprehensive end-to-end cloud migration framework and services factory enables Banks and Insurance clients to fully leverage the agility and power of Boardwalk Velocity. The partnership will help the joint clients achieve predictable outcomes at scale and drive transformative growth in their businesses. Banks and insurers of all sizes are facing mounting regulatory pressure to mitigate the risk associated with end-user computing applications.

This issue, which has historically been evaded due to its extensive scope, reliance on manual solutions, and intricate nature, can no longer be ignored. In light of the evolving regulatory environment, risk management implications impeding both revenue opportunity and control, and the imposition of fines by regulatory bodies have made this of utmost importance for prioritizing this endeavor. This revolutionary solution will seamlessly address the pressing transformational requirements, delivering unparalleled time and cost efficiencies that surpass all previous possibilities.